Question

Which organisation launched SHWAS and AROG Loan Schemes for MSMEs to help them with the required financial support in the fight against the COVID-19 pandemic?
1. Reserve Bank of India
2. Small Industries Development Bank of India(SIDBI)
3. SEBI
4. Ministry of MSME
5. Ministry of Finance

Answer 1

Correct Answer - Option 2 : Small Industries Development Bank of India(SIDBI)

The correct answer is the Small Industries Development Bank of India​ (SIDBI).

• SIDBI launched SHWAS and AROG Loan Schemes for MSMEs.
• The Small Industries Development Bank of India (SIDBI), has launched two loan products for MSMEs to help them with the required financial support in the fight against the COVID-19 pandemic.
• These two new quick credit delivery schemes will facilitate funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs by MSMEs.
• The schemes are devised under the guidance of the Government of India (GoI) which facilitates funding for production and services related to the supply of oxygen cylinders, oxygen concentrators, oximeters and essential drugs.

The two new loan products are:

• SHWAS – SIDBI assistance to Healthcare sector in War Against Second wave of COVID19.
• AROG – SIDBI Assistance to MSMEs for Recovery & Organic Growth during COVID19 pandemic. 

 

• CMD of SIDBI: S Ramann
• SIDBI Founded- 2nd April 1990
• SIDBI Headquarters: Lucknow, Uttar Pradesh.